Virus Surge and China Are Muddying the Bullish Asian Stock Story
Apr 24 2021, 2:30 PM
April 24 2021, 5:30 AM
April 24 2021, 2:30 PM
(Bloomberg) Having started the year best-placed to benefit from a reopening of the global economy, Asia stock investors find themselves confronting the twin threats of a virus resurgence and policy tightening in the regionâs growth engine, China.
(Bloomberg) Having started the year best-placed to benefit from a reopening of the global economy, Asia stock investors find themselves confronting the twin threats of a virus resurgence and policy tightening in the regionâs growth engine, China.
The MSCI Asia Pacific Index is on track to underperform its global counterpart for a third straight month in April its worst streak since 2019 as new infections rocket past other regions. Foreign investors withdrew $2.5 billion from emerging Asia stocks excluding China this week alone, according to latest available data compiled by Bloomberg, and
Virus surge and China are muddying the bullish Asian stock story
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Virus Surge and China Are Muddying the Bullish Asian Stock Story
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(Bloomberg) Financial markets around the world are waking up to the risks of another coronavirus flare-up.
Asian markets, blighted by rising cases from Japan to India, have underperformed their global peers since the start of March, just when they looked set to benefit from an acceleration in the global recovery. Currencies of nations stung by the virus have been underperforming those where vaccinations are surging ahead. And now the angst is starting to spread, with recovery trades under pressure and U.S. stocks sliding for two successive days.
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Coronavirus Surge Spills Over Into World s Financial Markets
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